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In this video tutorial, the presenter demonstrates how to utilize the contract management template. They begin by hiding the top ribbon for increased workspace. The tutorial then covers the settings page, allowing users to select language options and configure data rules such as contract duration, value categories, type, periodicity, and status. The translation tab offers English, French, and Portuguese, with an option to add a new language by translating listed expressions. The responsible section enables users to add individuals in charge of contracts, illustrating this by adding a person named Bob Marley. Finally, the tutorial transitions to the contract database, the primary section for inputting contract details, starting with the contractor's name.